Summary
• IDBTC traded in a narrow range, with a notable breakdown below 8.1e-07 in late afternoon ET.
• Volume surged during the breakdown, confirming bearish momentum.
• RSI and MACD remain neutral, with no clear overbought or oversold signals.
• Volatility remains low, with price hovering near the lower Bollinger Band.
SPACE ID/Bitcoin (IDBTC) opened at 8.1e-07 on 2025-12-11 at 12:00 ET and traded as high as 8.1e-07 before closing at 8.0e-07 on 2025-12-12 at 12:00 ET. Total volume reached 39,095.0, with turnover amounting to 3,144.2.
Structure & Formations
IDBTC formed a bearish breakdown structure around 20:15 ET, with a 5-minute candle closing at 8.0e-07 after a large-volume print. This marked a key support break and confirmed a bearish bias. The pattern was a simple breakdown with no complex candlestick reversal signals.
Moving Averages
On the 5-minute chart, price remained below both 20 and 50-period moving averages, signaling bearish momentum. Daily moving averages (50, 100, 200) are not clearly defined due to minimal price movement over the past week.
MACD & RSI
The 5-minute MACD remained neutral, with no clear divergence. RSI sat around 50, indicating a consolidation phase. While not overbought or oversold, the low RSI reading suggests a potential for further downside.
Bollinger Bands
Volatility remained compressed throughout the session, with price consistently staying near the lower Bollinger Band. This could signal a continuation of sideways to bearish movement in the near term.
Volume & Turnover
Volume spiked sharply at the breakdown (12781.0 and 14930.0 in consecutive 5-minute intervals), confirming bearish conviction. Notional turnover aligned with price action, showing no divergence.
Fibonacci Retracements
The breakdown from 8.1e-07 aligns with a 61.8% Fibonacci retracement level from the recent swing high, making it a likely short-term target for further consolidation or test.
Looking ahead, IDBTC may test the 7.9e-07 level in the next 24 hours, with a risk of extended bearish movement if the 8.0e-07 level fails to hold. Investors should monitor for any divergence in RSI or volume.
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